Alpha Tau Omega Fraternity
- Assets
- $8.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Tuscaloosa, AL
- Founding
- 01/1941
- Data as of
- 06/2023
- EIN
- 63-0007530
Organization Overview
Alpha Tau Omega Fraternity is located in Tuscaloosa, AL. The organization was established in 1941. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2023, Alpha Tau Omega Fraternity employed 20 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpha Tau Omega Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Alpha Tau Omega Fraternity generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alpha Tau Omega Fraternity has awarded 16 individual grants totaling $244,328. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING, MEALS & SUPPORT FOR AN UNDERGRADUATE CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING OPERATIONS - PROVIDED MEALS AND HOUSING FOR MEMBERS OF AN UNDERGRADUATE CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
PROVIDE HOUSING, MEALS & SUPPORT FOR AN UNDERGRADUATE CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
CHAPTER ACTIVITIES - PROVIDED CHAPTER ACTIVITIES FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Hollis President | Officer | 6 | $600 |
Wayne Ingram CFO | Trustee | $0 | |
Cole Armagost Social | Officer | 6 | $0 |
Robby Barnes Chaplain | Officer | 6 | $0 |
Covington Byars Usher | Officer | 12 | $0 |
Jc Carr House Manage | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $1,989,133 |
| Investment income | $33,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,105 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,692 |
| Payroll taxes | $19,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,131 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,014 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,689 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,954 |
| Insurance | $15,398 |
| All other expenses | $258,990 |
| Total functional expenses | $2,016,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,967,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,991 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,972 |
| Net Land, buildings, and equipment | $5,274,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,293,540 |
| Accounts payable and accrued expenses | $13,508 |
| Grants payable | $0 |
| Deferred revenue | $57,323 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,141,501 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,212,332 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $5,081,208 |
| Total liabilities and net assets/fund balances | $8,293,540 |
Grants Awarded
Over the last fiscal year, Alpha Tau Omega Fraternity has awarded $44,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA TAU OMEGA FOUNDATION PURPOSE: PHIL CONTRIBUTION | $36,000 |
UNIVERSITY OF ALABAMA PURPOSE: EDUCATIONAL CONTR | $8,500 |